Honeywell Names Vimal Kapur to Succeed Darius Adamczyk as CEO on 1st June 2023#Honeywell #Vimal Kapur #DariusAdamczyk #Appointments
“Honeywell is playing a major role in making the world a better place, and I am both proud and humbled to take on the CEO role of this great company. I am looking forward to continuing to work with Darius and our board to continue to create value for our shareowners and our customers.” - Vimal Kapur
March 2023: Honeywell has recently announced that Vimal Kapur, President and Chief Operating Officer, will succeed Darius Adamczyk as Chief Executive Officer on June 1, 2023. Mr. Adamczyk will continue to serve as Executive Chairman of Honeywell. Mr. Kapur was also appointed to the company’s board of directors effective 13 March 2023. “Vimal is absolutely the right person to lead our company to the next level of growth and stellar performance,” Mr. Adamczyk said. “Vimal brings 34 years of deep knowledge about our businesses, end markets and customer needs. His ability to drive our key sustainability and digitalization strategic initiatives, along with his advancement of our world class operating system – Honeywell Accelerator – throughout the organization, gives him an outstanding platform to drive continued outperformance for our shareowners. Honeywell's next operational evolution, under Vimal's leadership, will be the incorporation of Accelerator and standardization of global business models to enable maximal performance in each business segment.”
“It is truly an honour to have the opportunity to serve as CEO of Honeywell under Darius’ leadership and the leadership of our world class board of directors,” Mr. Kapur said. “I have had the privilege to work in a variety of businesses and functions over my three decades with Honeywell. Our high-performance culture and exceptional talent set Honeywell apart from other companies, and our innovation inspires me every day by bringing technologies to market that impact the world in a positive way. Honeywell is playing a major role in making the world a better place, and I am both proud and humbled to take on the CEO role of this great company. I am looking forward to continuing to work with Darius and our board to continue to create value for our shareowners and our customers.”
Mr. Kapur, 57, was named President and Chief Operating Officer in July of 2022, and has been leading the creation of new solutions to help customers drive their sustainability transformations and accelerate their digital transformation journeys. As COO, Mr. Kapur has also overseen the continued integration of Honeywell Accelerator across the organization and furthering its adoption as an operational system for everything that Honeywell does. He graduated from the Thapar Institute of Engineering in Patiala, India as an electronics engineer with a specialization in instrumentation.
Mr. Adamczyk, 57, who was named COO in 2016, CEO in 2017 and Chairman and CEO in 2018, has led Honeywell to significantly and consistently outperform peer companies, the S&P 500 and the XLI. “Darius has been a truly transformational leader throughout his tenure at Honeywell. He created our industrial software business, as well as architected and executed our differentiated value creation framework, including transformational strategies in digitalization, integrated supply chain, breakthrough innovation, enhanced SaaS offerings and ESG,” said Scott Davis, Honeywell’s Lead Director.
Honeywell also announced that Doug Wright, President and CEO of HBT, will leave the company to pursue another opportunity. Honeywell has announced the appointment of Billal Hammoud as President & CEO, HBT effective 1st April 2023.
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